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. that is what happened in the united states and what is happening in europe and what is happening in asia. i think at one time we could have another bubble and as bubble is going to be bigger from the other. the united states, now the cost of financing their debt is about $50 billion a year. looking at $900 billion in 2020. obviously the problem of that accelerating and putting investors at risk. in dubai we have a big bubble and i think abu dhabi has to put the burden of correcting a miscalculation. >> professor, what do you think is abu dhabi's position. it is not entirely clear whether they will underwrite the whole thing or pick and choose which of the debts they are going to deal with. >> obviously -- they say they cannot -- they probablyavto put first of all a new regulation a new role and they have to tighten the belt. they cannot just bail out and then go into another problem. but so far, the central banker of dubai -- liquidity, but they said they have to pick and choose. they don't have to reschedule all of that but they have to schedule some of that. this is going to be a new equa
think if you add up the troops that the united states will commit as well as those that nato countries are going to commit and that's still a work in progress on the latter. i'm told by senior defense officials that general mcchrystal will be more or less satisfied with the number that he believes he needs to do the counterinsurgency campaign that he laid out in his strategic assessment earlier this year. >> suarez: now, it takes a while to get everybody deployed, doesn't it? >> it does. it will take several months, actually several weeks for the first troops. but the marines that you mentioned will be going in first early next year to be followed soon after by a number of... several hundred perhaps up to a thousand army trainers. these will be doing the initial training of afghan recruits. the recruits will then be put into their units and partnered with american units on the ground. this will be a phased deployment going over the next 12 to 18 months. the troops that you mention in your broadcast, up to some 30,000 or so will be phased in over that time frame. >> suarez: once all tho
but there is no question that commercial property in the united states is in bad shape it is going down. and there is a lot of genuine worries about that. dubai as a symbol might focus more attention next week but i think dubai is postly about emerging markets. our home problems are very much about the united states and they are very big and they are much bigger, actually, than the problems in dubai. >> warner: so the u.s. problems you think are a lot bigger. >> the total losses from the crisis so far worldwide which mostly concentrate on the united states $1.7 trillion. we're talking about credit losses in dubai of perhaps $20 billion. so that an order of magnitude, two orders of magnitude smaller in dubai than what we have seen in the united states. the additional problems in the united states are another 100, 200, 300 billion but they are coming on top of all these existing problems. they are coming into a banking system that is weak already in the united states. >> warner: so briefly do we have reason to be nervous by what happened today in dubai. >> yes, it should make us nervous. came at an ago waurd
seized a tank of crude oil from saudi riot -- saudi arabia to the united states. the 28 person crew was off the coast of somalia at the time. we have told you about several hijackings before but this is the second time only that pirates have hijacked an oil tanker. it is not clear how much oil was on board the ship, but it could be worth millions and more importantly it could wreck environmental havoc if the pirates dump it. host: also today, -- bill: also today, we are waiting on news from the white house to help struggling homeowners. this is truly startling news. the government is set to use a shame game to step up pressure on mortgage companies because they are not doing enough to keep homeowners in their homes. the way that i understand it, the new program would be aimed at lenders? >> the banks are going to be publicly blamed. they have taken this bailout money but they are not bailing out homeowners. they are going to appoint officials to oversee the operations of these lenders on a day-to-day basis. plus they will demand a plan from the lenders to speed up help for homeowner
and the united states, and said we will manage the problem in this way, we are in a position where the rest of the world will follow. >> it is notorious for its choking pollution. it resents being criticized. it does make many of the things that we purchase. it is also emerging as a leader in green technology with a boom and solar panel production. it may be the first sign that china could join the international effort to tackle global warming. >> there was uproar in the indian parliament over reports that indicated senior leaders in the demolition of a mosque 17 years ago. the mosque was destroyed by a mob, triggering riots across the country between hindus and muslims. that led to the deaths of more an two dozen people. -- of more than 2,000 people. leaders in the form of prime minister -- leaders and the former prime minister were implicated. >> the may exchange palestinian detainees for the captive israeli soldier. a hamas delegation when to discuss a plan mediated by egypt in germany. the philippines president declared a state of emergency in the southern half of the country. there was
't afford this plan. but it fwroings light the debt many countries bring on. particularly the united states. if we keep bringing on debt other countries are going to wonder if they are every going to get their money back. >> what do you think to be snn >> well, i love they are creating a tax bill and calling it a health plan equally as stupid as billing a snow machine and snow world inside a hotel at dubai. i would offer that the size of the dubai g.d.p. is as big as highway shoy i don't think from the second-place -- >> it's the size of their debt in relation to what they can aforward and dubai had one of the highest debts per cap tae. now ours is about 60 g.d.p. is our debt here's the point, the rich countries can afford to carry the debt. the problem is when they get too far extended like a dubai or maybe a japant on the flip side you have countries like to you keep going down this road and pushing the vop. gina? >> i think this is ridiculous saying the reason we shouldn't have health-care is because of what's happening in dubai, this health care proposal is about $8 billion over 10 year
problem will bring down other markets. stocks in the united states fell modestly. european markets gained friday, following the steep losses thursday when the u.s. markets were closed for the thanksgiving holiday. we will talk more about what is going on in to buy. let's go back to the phones. santa monica, california, danny on airline for democrats, go ahead. caller: i am a c-span junkie. host: are you going shopping this morning? caller: i saw an ad -- i saw a magazine called ad-busters and the advertised eight no-shopping day. i fast to be conscious of how we are overwhelmed with the amount of food we eat and plus the soldiers that cannot come home and eat. when i'm delirious the day after that, i will get the food but i bypass the shop and i will watch the coverage and see the faces of the people shopping. sometimes they are smiling but 90% of the time, they look very stressed out in photographs and the coverage in the news. i was calling to say that buy- nothing day is the best protest you can do and it is fantastic to be conscious of how we are manipulated by the credit card compani
from the cris so far worldwide which mostly concentrate on the united states $1.7 trillion. we're talkingbout credit sses in dubai o perhaps 0 billion. that an order of magnitude, tw orders of magnitude smaller in dubai than what we have senn the united states. the additional problems in the united states are another 100, 200,00 billion b they are coming on top of all these existing probls. they are comi into a banki system that is weak already in the uited states. >>warner: so briefly do we ve reason to be nervousby hat happened today in dubai. >> yes,t should make us nervou came at an ago waurd time. abu dhabi is closed for usiness until mondaso we don't know whateal they work ouuntil at least sunday. and if monday we have new rk opening without full relution of the issue, ithout total clarity it is going to be a difficult wee >> warner: si upon johnson of m.t. and the person institute, thank you so much. >> ank you. >> odruff: in other news today iran was censured r its nuclear pgram by the u.n.'s nuclear watch dog agency. 25 nations including cha and russia apoved the resol
, christine, thanks. >>> looks like a bit of a bounceback from friday selloff here in the united states. here's where the futures stand right now. you do have the dow jones futures a little bit above fair value and the s&p, as well. looks like the nasdaq could open with modest losses. several hours before we do begin trading. busy week of course, we do have retail sales from this past holiday weekend to keep a close eye on cyber monday. a lot of online shopping to be done today. and we look forward to the confirmation hearings beginning this thursday for the fed chairman ben bernanke and also that jobs report, that key one coming, of course, on friday. let's take a look meantime at where the bund yield sits right now as we take a look at the ten-year bund yield edging up a touch here and then the ten-year treasury in the united states edging up, as well. most of the focus has been on the shorter end of the curve as the two-year treasury yield hit its lowest level this year. take a look at gold, as well, certainly a lot of focus there, the dollar edging weaker today and gold down a touch $5 or
states at the end. but this would only be possible if the united nations were able to get to the end. >> been at camp david, five months later, tony blair insisted that the roots to military action should be through the united nations. >> the prime minister laid out the case for a couple hours. he also, at this point, said it might be necessary to have two interventions. >> time and again, mr. blair came back to the same point. >> the prime minister said going through the united nations was absolutely essential. >> so how was that -- how was it when support from the united nations can do nothing that mr blair took the country to war? >> he thought it w the right thing to do. he thought that there were no alternatives. he meant to deal with the disarmament issue. >> so mr blair went the military to investigate options for an invasion nine months before it happened. then, in the aftermath of saddam hussein's downfall, a group in at the white house expected to be like germany and japan at the end of world war ii. sir david left the inquiry having set up the case for tony blair's defense
a little bit more about what the fed's been concerned about in the united states, which is, of course, commercial real estate. most of the stuff that was going on, dubai was overbuilding. they lost tenants or didn't get tenants. and they tried to obviously create a tourist destination in the middle of the desert. now that we've had a global slowdown and business has dropped off, obviously their bull's eye for really representing the problems of commercial real estate. which, by the way, if you take a couple more steps back, if you look t it, who are the banks that are affected by this? obviously in the uae we know that a tremendous amount of european banks have debt of the uae. but also a little bit in the united states. citigroup as well. the people that find themselves who are going to be hurt by this could also be small and medium-sized firms here in the united states as banks globally pull back, have to put aside loan loss reserves. and, of course, not lend much to the small and medium-sized firms. >> andy bush, you were mentioning the fed. is there a lesson for the fed here? what
in the united states. >> jeff: well, darren, is the a chance of bank ctagion from dubai's debt load? >> wl, that's a concer you n never completely re th out, but there is a lot of moy in the middle east, and the amnt of money here in the globalcheme of things is relatively small so most of the peopl i spoke withhink that this is me of a fincial cold than a financial flu. >> jeff: whatshould u.s. inveors be watchin for in this situaon? should i be woied? >>ou should be concernednd watchful. i think what's gng on here is we're getting a sial that commercial real estate is wk arnd the world. dui world owns hotel just a block or from here. they hav large holdings in the united states. they have investmes in las vegas, and the big cy cenr prect. the ncern is they might be forced t sell some o their hoings here into aweak market to bring the mon back home, and it'sust a general sense that ts credit cris is not over. commerci real estate could be next. and pele should be paying close atteion to t strength of the underlying global economy whathis says abo that. >> jf: darren, thanks f joing us. >> sure
is frequently voiced by the west and the united states in particular. >> the united states remains firmly committed to a peaceful resolution to international concerns over iran's nuclear program. we also remain willing to engage iran to work toward a diplomatic solution to the nuclear dilemma it has created for itself, if only iran would choose such a course. but our patience and that of the international community is limited. >> just yesterday, the outgoing iaea director general, mohamded elbaradei, castigated iran for blocking the agency's inquiries into iran's nuclear progm. >> it is now well over a year that the agency was last able to engage iran in discussions about these outstanding issues. effectively we have reached a dead end, unless iran engages fully with us. >> for more on today's vote on iran, we are joined by ervand abrahamian, he is an iran specialist and distinguished professor of history at city university of new york. welcome. >> thank you. >> as we heard in the report, the iaea's decision to censure iran, i believe the first time it's taken action like this in almost f
to today's policy decisions today at the white house. what is relevant is the cost to the united states of this expanded mission, and we will touch more on that tomorrow night, but on the costs, much more likely to add to the cost of the u.s. troops involved in the theater there. bret: two tunisians held at guantanomo bay have been held over to italian authorities. the justice department say they face arrest warrants there and will be prosecuted. the supreme court has thrown out a a lower court ruling that ordered the release of pictures allegedly showing terror suspects being abused by american captors. justices ordered the second u.s. circuit court of appeals to take another look at the lawsuit filed by the aclu which wants the pick pictures publicized. president initially did not oppose the release and then changed his mind. a lot of people are changing their minds about the theory of man made global warming on the heels of a major scientific scandal concerning researchers and their behavior. wendell goler reports this renewed skepticism comes as president obama prepares to attend th
assaulting a child. >>> somali pirates have hijacked a tanker on its way to the united states. a european union spokesperson says the ship was taken about 800 miles from somalia yesterday. it has 28 crew members, none of them from the united states. somali pirates have taken dozens of ships, but this may be only the second attack of an oil tanker. >>> tiger wood sincere talking about a car accident over the weekend, but he's not talking to police about it. rafer weigel has more about that. >> tiger and his wife erks elin, turned away from cops. under florida law, he technically does not have to talk to police. his attorney says, quote, it's a private matter. the accident happened early friday when woods ran his suv over a fire hydrant and crashed into a tree. he did release this statement on his website yesterday which reads, in part, although i understand there is curiosity, the many false, unfounded and malicious rumors that are currently circulating about my family and me are irresponsible. the only person responsible for the accident is me. that's a curious statement, robin. a tabloid
service and the united states attorney in that area. >> just a follow-up on april's questi question. >> her question was a follow-up. >> a triple follow on, the social office knows the list -- >> sheryl -- >> they would have overheard the couple announce themselves and it wouldn't have required a phone call. it wouldn't have -- they would have flagged it right away. would it not -- >> if the couple wouldn't have come it wouldn't have required a phone call. >> that's true, too. >> i understand, and -- and generally when people have questions, sheryl when you have a question, april, when you have a question, i don't have to be there in person to answer your question despite the fact that you may announce your question. generally you can pick up the telephone and reach me right there in my office. >> the press secretary robert gibbs getting pounded with some serious questions there. let's bring in our senior white house correspondent ed henry once again. ed, you had your own questions for the press secretary. were they answered? >> reporter: well, not exactly. i mean, what you heard ro
of recovery was effectively a recession for working families in the united states. now, they have to recover from two recessions. if you are unfortunate enough to try to decide to send your kid to college this year or last year, on fortunate enough to hold onto a small business, this is a life-changing. in many people's lives across my state and all across the country. finally, to find ourselves in a place where there were institutions that were described as too big to fail and it was the taxpayers that had to bail them out after going through a time when i saw their wages decline and opportunities for their children to manage is an incredible insult. this important legislation will put us a much better position going forward to prevent that kind of thing from happening. it is not impossible -- to is not possible to predict every bit as real market. we want to create a well balanced piece of legislation that does not produce unexpected consequences but will protect our country from ever again going through what we are going through today. i am very pleased to join my colleagues here today. i
: yeah. and what's interesting is -- as far as the united states is concerned, you know, the u.s. government's always supported dubai as an experiment because it is such a moderate place. you have iranians coming here -- and by the way there's a lot of iranian money here, which is interesting in light of the nuclear reactors. saudi arabians come here, it's this sort of mecca for people to come and let their hair down, take off their traditional garb if they want to, but you do have a lot of europeans too. is there need for a tourist hub here? you really can make the argument for yes. they always say there's 400 million people within a three-hour flight, 400 million wealthy people. there's billions within that distance from here that they think can really come and spend money. and there is something to be said for that. there is no sort of caribbean. there's an atlantis here. and you look at it across the water and you literally think that you're at the other atlantis. this is the caribbean maybe for the middle east and for europe. maybe it go way overbuilt, but you do still hav
proposes the united states will win the war. as it stands, there are 68,000 u.s. troops in afghanistan, and there's every indication today that mr. obama will announce he plans to deploy an additional 30,000 to 35,000 u.s. troops. back in august, general stanley mcchrystal, the top u.s. commander in if afghanistan, argued that a troop increase was essential, and that the u.s. had a window of a year or less to stabilize the country before the cause would be lost. today at the white house, spokesman robert gibbs gave a broad preview of the president's speech. >> the president will reiterate the importance of why we're there. but also, by all means, very early on acknowledge the tremendous cost and sacrifice to our men and women in uniform. >> as the white house prepares for tomorrow night's address, there is great anticipation in afghanistan where u.s. troops are ratcheting up the fight with taliban and al qaeda forces for much of the year. and tamron, u.s. troops have been waiting for this decision ever since august when the top u.s. commander may h made his initial request. >> and davi
of thousands of combat troops from the united states that are going to be directly involved in taking on insurgents in this growing taliban. this could be kind of a murky mission, if you will. that's what people are afraid of. senior administration officials i talked to say, look, they understand the president has to make it very clear what the mission is and that in fact the afghanistan government has a commitment on its side and there's going to be an exit strategy here. they are not going to be tied down in something unending. >> as the president gets ready to address the nation tomorrow night, what do we expect the president to say. >> reporter: there are going to be some things that are very clear. first of all, we're talking somewhere in the rarng of 35,000 additional forces that the president is going to call for. this is going to be a total of 100,000 or so on the ground in afghanistan. the cost they are talking about $75 billion a year for this war effort. but they are going to say that, look, nato allies are contributing 5,000 forces or so. clear expectations from the afghan
state dinner for the president. something they were she lighting as this relationship between the united states and india on a host of global issues, how critical this is, but the follow-up stories obviously after this was very little about the event itself and so much about this incident, and then, of course, the investigation and the big questions as to how this could happen and certainly this concern as well here at white house. i mean, this is a president -- all presidents obviously are targets. they are dangerous situations which have to be defused all the time, but in this particular case there are threats against this president. there's been a lot of concern about that, and so this just shows as one representative already talking about, here is someone who is a possible target by extremists and yet someone like this was able to slip into the white house, and so a lot of concerns here and certainly a distraction, something that they did not welcome at all. >> james, i assume that this really goes both ways. it's not just the obama administration. when i was covering president bush
's history of the united states" by howard zinn. this goes back to the 1700's and the names are still look the same. rockefeller's, rothschild, j.p. morgan chased out, bushes. it is amazing how this country -- we are a poor country and being a military family, sir, i have heard stuff that this country is about to experience that was set in place by direct vote -- our former regime. but want to say right now, thank you to my brother, from the bottom of my heart for 40 years of your service to this country and four wars. you made it out alive, brother. i love you and thank you, thank you, thank you. and america, i love you -- we are going to get through this but as long as barack obama does not take back our countries -- companies that oversees, we will never have jobs. we are educated people in our family, college people. i am a teacher. i've got four degrees. my son is a certified chef. let me tell you, there is no money out there for educated people. there really isn't. the younger you are and the more education you have, i think though worse it is for you because you can't make the money
into the iraq war has heard evidence fro e formermbassador to the united states. he said that tony bla's regime change hardened after a priva eeting withresident bush. he said e rubble of war short ciuit the work of inspectors looking for weapons of mass destructio the investation into whether iran ha the nucle weapons program is now at a dead-en. to iran is not cooperating. china is the latest countryo say it is considering sancons. paistan isconcerned about the expected surge of troops in afghanistan has forced talan said inrgents to cross the border. this is a scdal threatening t become a major embarrassing -- investment for the germa government. the head ofhe german armed forces d a senior defse ministry offial have been forced to rign. t military withld details of a deadl air strike. this is from the berlin rrespondent. >>this i the view fro an americanet overfghanistan on sepmber 4th. a german newspaper obined the video. down below, yocan see two fuel trucks with people araround them. they he been hijacked by the liban. then,n the orders of a german nato commander, the u.s. jet attacks. t
evidence from the former ambassador to the united states. said that tony blair's regime change hardened after a private meeting with president bush. he said the rubble of war so short circuit the work of inspectors looking for weapons of mass destruction. the investigation into whether iran has the nuclear weapons programs is now at a dead-end. to iran is not cooperating. china is the latest country to say it is considering sanctions. pakistan is concerned about the expected surge of troops in afghanistan has forced taliban said insurgents to cross the border. this is a scandal threatening to become a major embarrassing -- investment for the german government. the head of the german armed forces and a senior defense ministry official have been forced to resign. the military withheld details of a deadly air strike. this is from the berlin correspondent. >> this is the ew from an american jet over afghanistan on september 4th. a german newspaper obtained the video. down below, you can see two fuel trucks with people are around them. they have been hijacked by the taliban. then, on the ord
is fighting extradition to the united states to face charges or having sex with a 13-year-old girl. the space shuttle atlantis is scheduled to land at cape canaveral at 9:44 this morning. the crew spent a week at the international space station bringing spare parts and one astronaut looking forward seeing his baby daughter born last weekend and a new law takes effect december 1 banning smokeing in most restaurants and about 70% of virginia restaunts have already banned smoking and special liventlated smoking rooms are allowed and on outdoor patios. now we turn to the latest on the northern virginia couple accused of crashing the state dinner couple. their photographers were following michaele and tareq salahi and the couple is being considered for the "the real housewives" for dc show. already the two are booked for cnn's "larry king live" on sunday. >> this smells like the whole balloon boy business. >> i think it's a lil scary. >> some experts stay security breech was just the latest in a number of secret service lapses. a spokesperson for the secret service admits procedures they have in p
think it could be a precursor to what is happening in the united states agreed to buy -- in the united states. dubai's debt is $60 billion bridge and what happens if the chinese and other countries say , we are not feeling confident about your ability to repay debt. what you pay it back right now? we are being made fun of for our inability to pay bank debt. it could be a real issue. brian: cleanse this money? it was citibank, it was u.k. banks who loaned the money. if they do not get paid back a few billion dollars here and there, won't it exacerbate an already difficult lending environment for companies? >> governments, like the u.s. government and dubai government, say there is nothing to worry about. this is basically a government entity that is having a difficulty paying back the debt. so it could translate to other countries, and unfortunately we are one of them. we're looking at 10 trillion dollars of new borrowing fees over the next decades high. brian: our dow jones managing at a terse says that the discussion about bailing out banks here is spawning a chapter in to buy about w
by authorities there, would they have trouble re-entering the united states? >> you know, that's a danger. here's an even bigger danger. if they do come back and her daughter's convicted, would they be disallowed visitation and entering into italy. >> at one point you had thought about coming here for the end of the trial -- going to italy, i'm sorry, for the end of the trial and decided against it. why is that? >> because i guess i'm a lawyer and can't practice law if i'm in italy or i'm in jail or indicted for a felony. you know, the threat is real. we can speak out here. we take that for granted that we can do that in this system, including lawyers and parties. but look what just happened in italy. >> but do you believe you yourself would be charged if you went over there for something? >> well, i can't take the chance. i've said the same thing that the parents have said, they've been investigated for and maybe charged which is that amanda was abused during the interrogation. they said that's defamation, criminal libel in italy. >> i know that you and amanda's family are hoping for the best
it could recall about 100,000 toyota tundra trucks. >>> it is thanksgiving in the united states today and that means one thing. the holiday shopping season is officially here. do check out cnbc.com for some gift buying advice. how about this iconic sports aircraft for $250,000? or if flying isn't your sort of thing, you could certainly pick up one of these customized cup cake cars for 25 grand. go to cnbc.com and see what else is on the list. certainly, a lot of things to pick up for your friends and loved ones, ross. >> three of the cup cake gods i think for my friends. still to come on the program, we'll talk to the president of skype about the state of his company just a few weeks after ebay sold a 17% stake to a private investigate group. and we'll be in zurich where many of them have gone to set up shop. later on in the program, we'll speak to christine at the asian business awards tonight. llll >>> european stock markets are weakening. resources, banks, all down fairly heavily. >> taking a check on the ftse 100, we are down by about 92 points or so which in percentage terms
for their significant contribution to the he have forlt in afghanistan. the united states and denmark promote freedom, security, and prosperity. we talked this morning about additional cals that the president will make between this afternoon and the time of the speech. i anticipate that that will include president karzai, murray, prime minister tusk of poland, hugh of china and many administration officials, including general joans, and secretary of state and other also also make consultation calls over the course of the night many hours before the speech. >> in addition to medvedev. >> those are at least in addition to. there could be others. >> today? >> most of them, quite frankly, are likely scheduled for tomorrow. >> we haven't talked in detail about afghanistan. what is the president hoping to establish and what does he want to get in exchange? >> well, phil, i think you can anticipate that a good portion of the president's speech tomorrow will discuss our relationship with pakistan and touch ongoing back to the very beginning of this administration in a renewed engagement diplomatically with t
, it was a terrific event for india, for the united states. and it's just so darn sad that these two wackos have to get the attention three straight days on the front page of the "washington post." i mean, "the new york times." >> alex, i can't say this couple is losers. i don't know who they are. i never heard of the guy running the polo club or whatever it is. they've been on every tv show, the front page. brian williams, i understand, led with him and he was discussing the incident. the whole country is talking about this three or four days after the dinner, and they're -- >> so, in this country, we are so obsessed with fame and we've got the whole reality tv obsession going, does this mean these two have a future on the social circuit there in washington? are they now the top dogs? >> see, this is the trouble with this. pat and i were talking about this, alex. look, how do you become to be famous? pretty easy, facebook. but this is also the time people around their thanksgiving tables are talking about this stuff. >> yeah, yeah, yeah. i was, too! >> everybody knows more about this than they
they decide they can extradite him to the united states. you see some snow. crews have now had to plow the road up to his ski chalet because of the heavy snowfall, perhaps delaying his return to the ski chalet, where he's free to have parties, have friends over, do whatever he wants. live the roman polanski lifestyle in gestadt. he can't leave his property. 19,000 square feet, he might have skiing on his property. looks like mr. polanski is going to be a-okay after all. >> if you drug and rape a 13-year-old girl, this can happen to you. it sends a strong message. we've got to send a strong message to polanski. >> this is very typical of you avoiding the facts. he won an academy award. >> my bad. >> mika, this next story is dedicated to you. >> thank you. >> i know obesity is a grave concern to you. not so much to joe and myself. >> oh, come on, it's very important. >>> the fattest countries in the world. the official list is out. do you want to take a wild guess? i think you know the answer. >> i would think us. >> yes. >> big fat america. >> a version of us is at the top of the list.
're doing and much more intuitive, as that continues to happen here in the united states and abroad, we believe mobile payments is going to be very big. >> reporter: now, for ebay, up almost 75% this year, paypal has been a secret weapon of sorts against its rival amazon in their ongoing online retail battle. amazon, you heard jane talk about this earlier, hitting an all-time high. while online shopping traffic did dip 15% year over year, spenders, well, they plunked down 11% more money this time around. that's good news for retailers like amazon, walmart and target. and also good news for ebay because of paypal. >> we believe the opportunity is still enormous as you look out to the future. because ecommerce is growing here in the united states and all around the woerld. and more people shop online in a safe, convenient way to check out. >> reporter: jane, reference those zhu zhu pets, sold 1 million on friday, 10,000 of those electronic rote ents. sue, did you get yours? >> no. we're leaving that up to santa claus. we will see. >> reporter: good idea. yesment. >> all we need, electroni
have more population than the united states does. huge militaries. they are almost unusable. the rules of engagement are very constra constrained. only the brits have gotten in there with good training, leadership and willing to take casually. the canadians are taking out. the dutch are coming out. the german's hopefully, are staying in, they and the french. >> savannah guthrie joining us from the white house. what is the latest you are hearing on the numbers of troops? >> reporter: my best information now is the number the president will ask for in his speech is 30,000 additional troops with a real emphasis on training up afghan security forces so they can take over. the notion being there could be a beginning of combat troops as early as 200. the real emphasis the training up the afghan security forces. as i said, all indications are the president will ask for 30,000 troops tomorrow night. a caveat, this is a moving target. it's been known to change and can change, even in the final hours before the big speech tomorrow night. >> elisabeth and senator lugar was saying yesterday, let m
ambassador to washington has been giving detailed evidence about life in the united states priorto the iraq war and given to the iraq war inquiry, rather. he said prident bush had to be persuaded on the mertis of going to the united nations to win approval. >> the president sometimes is ruled by his heart and sometimes by his head. they came in conflict. in his heart he just wanted to get over and kick saddam ou he had a strong sense of politics and he realized he could not just do that. he submited to the recommendations of his natural security advisor with a chorus of europeans and australians of whom tony blair was the most significant, that he would give the u.n. route a throw. >> peter is in london and joins me now. peter, lots of talk from christopher. what caught your here particularly? >> it's been a fascinating body of evidence. it's the big picture of what happened between the time the bush administration came into office at the start of 2001 and the outbreak of hostilities in iraq in march 2003. i think what is interesting and central to all of this has been the point at which br
--is in the united states in needs opposition support to get his climate change plan passe in portugal, campgners for gay-rights are confident tt same-sex marrge will be allowed with a matter of mont. in spai there has been it gave marriage for almost five yes, but so far in catholic portuguese socie that has been opposed. we have this. >> of portugal's o-fashioned ys and taditions may be shaken to the court, particularly in the north where catholics andonservative values ae trying to ld fast against encroaching modern rld. within a f months and after a longampaign, a gay marrie is eected to be legalized. r one couple living together for more than 12 years, one descbes himself as auman -- as a hun rights activist. his partner is afraid to show hisace for fear of it damaging his business. >> i want to be protected ke everybody. i gon the street a everybody lookedt me like everydy. so what i don't get the same rights and t same duts. theuties, i have, but i do not have the same ghts as everybody. >> the fielthe hostity from the estlishment. >>ometimes, ifeel hates. >> hate? >> hates. --e
was living in ohio. he was deported from the united states to germany last may despite claims that he's term ne -- terminally ill. today's proceedings began with demjanjuk demjanjuk's. >>> there's been yet another pirate attack off of the coast of somalia. well off the coast. a tanker carrying crude oil from saudi arabia to the u.s. was hijacked yesterday. about 800 miles off of the coast of somalia. a piracy expert says the pirates are going bolder. somali pirates are holding about a dozen ships hostage with more than 200 crew members. it is not clear how much oil was aboard that tanker that was seized yesterday. experts say though the value would be in the millions of dollars. >>> today stocks recovered from fears about dubai's financial debt crisis. last week dubai said it would delay repayment of $60 billion in loans causing markets to plunge world wide. but today the emerittus said it will restructure one-third of its debt. the dow gained 35 points p the nasdaq was up by six and the s&p was up four points today. >>> the obama administration is cracking down on mortgage companies. they s
, these are the companies with the most exposure to dubai or to the united states arab emirates. so they have been weaker tloit throughout the session. see how the spillover has been in u.s. banks. citi has 1.9 billion exposure to the united arab emirates, so it's under a little pressure. take a look at that five cent loss. not much. i want to end with one european bang we've been watching today. it's ing. one of the biggest losers on the new york stock exchange, but it's having a rights offering today. 7.5 billion. to help repay this to the government. take a look at this. the dow's down only 109 right now. >> certainly a lot of recovery. thank you very much. now, let's bring in david faber. interesting how the market has started to take a deep breath and the step back, but it's worthwhile to look at those dubai headlines again. >> more than 48 hours past since the news, dubai saying we want a standstill on our debt agreements, our ability to repay those maturities is in some doubt. let's take a look at the schedule we're talking about. the s&p well off its lows as you heard mary just say. our own marke
as the 60th vote. in the united states senate monday, the great debate got underway. >> the authors of the bill have done a very good job. >> i don't think this bill can be fixed. >> reporter: the democrats 2074 page health care bill promises to cover millions of uninsured. crack down on insurance companies for denying coverage or charging extra for preexisting conditions, but it woulds a also cost money -- $848 billion over ten years. >> health care will come if we dedicate the coming weeks to solutions, not scare tactics. >> reporter: senator reid is referring to the republicans statements that the bill will cost trillions and put government in charge of major health care decisions. >> democrats don't seriously confront this problem in their 2 ks 074-page monument, monument to mo more government, more taxes, more spending and more debt. >> reporter: the bill needs 60 votes to pass. the same number of seats democrats control but you only have to look at the man occupying the presiding chair of the senate on monday see why its passage is far from a sure thing. >> the current cost of
that in her pocket when she did. >> what i was going to say there, the united states plans to reduce its carbon emissions 80% below 2005. that will not be attempted. that would mean, we'll have total carbon emissions equal to the united states in 1910, when there were 92 million americans. further more our per capita carbon emissions in 2015, when they're going to be 420 million americans, would be on a per capita basis what we had in 1875. >> the issue is, i think the president had to go to copenhagen. paul, as he goes, he'll make b making a commitment he can't necessarily keep unless the senate follows through. >> everyone understands that. i want to say, i'm surprised that you lack faith in the power of the marketplace. they're putting a price on carbon emission and people will do amazing things. >> speaking of the market place, the biggest industry in the world is fighting climate changes. billions, trillions of dollars on table. the academics, scientists -- academics are human beings and the enormous incentive to get on the band wagon is the financial incentive the market driving th
and the united states have been looking for a reason to correct. we've seen that. we've seen it. there's been an unease that something had to give. dubai had given it that reason to correct. we saw one day of falls in europe and today europe is flat or just up a tad. what it does mean and where this is serious is for dubai. this is a thumping great big reputational crisis for dubai which they will have to deal with. what it did, let me just very briefly say that what it did was it said on the eve been a holiday, hey, guys, we won't pay debts of $60 odd billion. we want to extend that. we would like you to take a debt moratorium for six months and we'll see you next week. that you cannot do if you have aspirations to be a world class financial center. >> wait a minute here, richard. what about abu dhabi, the capital of the uae, could dubai's problems be abu dhabi's problem soon? >> the relationship between the two is fundamentally fascinating. what worrying about the way this incident was handled is we have been led to believe that abu dhabi would bail them out again. they were going to pay th
of this solution, if abu dhabi and united states force dubai to sever a lot of those ties as part of the humbling of dubai in dealing with this debt, if dubai was to sever ties with iran, how significant would that be? >> that's a loaded question. >> the politics of it, but just on the financial side. >> 10% residential ownership impact. math is straightforward there. >> not touching it. in other words, i'm not touching it with a 50-foot pole. already. saad is going to be with us throughout the day. really, is dubai going to last. and we have our reporting on that as well. right now, let's get back to new york and go through all the markets around the world, get the reaction and find out what the other big stories are. let's get to the new york stock exchange. >> thanks very much, erin. for all this talk about a lack of transparency and dumping all this news over a long weekend, our markets here are relatively flat this morning. traders down here agree that neither abu dhabi or dubai can afford the reputational risk of walking away from the debt. it appears that will not be happening. some of the
in the united states about what is happening? >> we care today, first of all, because everything that happens all over the world tends to affect us. we've seen it happen the last few years. we also care because we're at the perilous times where we are seeing us getting into recovery. a lot of people saying are looking for any excuse to pullback and say the recovery is not coming or there's a double dip or another shoe to drop, so had anytime something serious like this happens, we pay very close attention to it. it may not appear to be as serious this week because it's a holiday week, it's getting a lot of attention. all markets aren't open and all traders aren't around, it may be an exaggerated effect and it has the attention of investors. >> we're a little sketchy, that's what you're saying? >> that's right. >> richard quest, when we look at dubai and what a happening for dubai world, why does this matter for other countries and other wealth funds should we say? we're looking at the asia markets down 3% to 5%. europe didn't seem to care. >> europe cared on the first-day session, it rebounde
in the united states to those banks, if unemployment flattens out then they are bullish on the big banks and the credit card stocks. specifically jpmorgan chase, bank of america, and capital one. do you think they're right? >> i think this's a lot of truth to it. i actually think being on the consumer side is probably better than being on the industrial and definitely the real estate side. the consumer has been digging themselves out the i actually think the rather lackluster retail results are probably a good sign. i think the consumer has responded. the man on the street is not stupidment he understands when he's overextended himself. he understands when bad weather is coming and he has to batten down the hatches. >> a question of timing, though, isn't it? there are an awful lot of mortgages, for example, that might be given up on and housing stocks that might come on the market. undoubtedly the american consumer is getting more strong. that's what we're witnessing. at what point do you buy that? >> well, i don't think this's a rush to buy these stocks. i have to tell you, the cutter v
is located in the persian gulf, one of the united arab emirates. at the state went through unprecedented growth in the last decade, planning man-made islands, the world's tallest tower, an indoor ski slope, and the world's only seven-star hotel. it attracted investors from around the globe, but the growth came to a halt. they are now struggling with debt, about $60 billion worth of money used to finance that growth. growth. >> when there is a problem around the world, and rattles. it could trigger another shot to the global financial system just as they recover from the financial crisis. analysts believe that dubai's lenders will work out a deal to restructure the debt. they are monitoring the situation closely. if you think the u.s. markets have been on a tear, you should see the action in these emerging markets like india, china, and brazil. in some cases, they are doubling. the dow jones industrial average was down 1.5% today, but some asian stock markets were down on the dubai news. you need a strong dose of dramamine to invest the money. julie: thank you so much, peter. it is make o
say what the united states is trying to do for these people and us sending more troops is just saying, hey, we're here to support you and help your people. >> reporter: defense officials say a marine battalion will likely be the first new unit to arrive here under the president's soon to be announced plan. about 1,500 additional marines. the marines' top commander made a special visit here. >> i think we'll probably be the first out the door and the marines are ready to do that. they are trained and ready to do that. >> reporter: captain ryan benson is a company commander responsible for a huge swath of southern afghanistan. he says more marines could mean he'll be able to focus more intensely on a smaller area. >> if we're able to focus on other areas independently and bring in more marines to focus on the areas we can, it will make things a lot easier. we'd be able to touch a lot more afghans. >> reporter: a new strategy and troop commitment means marines will be here for many thanksgivings to come. for lance corporal eric collins, this thanksgiving was his first away from home. he
there in singapore. >>> back here in the united states it's black friday, also known as super bowl for retail. with the backdrop of a struggling economy and a jobless rate at a 26-year high we get a gauge ever how this holiday season will fare. stacy joining me, vice chairman and u.s. retail leader and eric better, associate director of equity research at breen murray currat and coe. stacy, you have an upbeat survey of how you think people will spend or the confidence among the consumer. tell us more about that. >> we surveyed about 10,000 consumers back in september, and we had 51% said they were going to spend the same or more than they did a year ago, and then we just did a pulse survey over the weekend and 30% said that they were going to spend more than they originally anticipated two months ago. so i think what we're seeing is an increasing amount of optimism which i think is really necessary to outweigh those consumers that are worse off economically than they were a year ago. >> we were saying this when we got the data. we had a big data day on wednesday and there was a feeling of the
at a swiss vacation home. the 76-year-old director is fac extradition to the united states. polanski fled california for france 31 years ago before he could be sentenced for having sex with a 13-year-old girl. >>> while you were eating turkey yesterday, a park ranger in australia barely avoided being eaten. check out this amazing video from down under. you can see the park ranger slipped on slick grass inside a crocks enclosure. looks like he'll eat him and he's smacked on the head with the stick allowing the ranger to escape. >>> sports could come back to the pontiac silver dome in michigan. the owner of the canadian company buying the dome says he wants to bring football, baseball and other sports to the 80,000-seat venue. the detroit lions moved to ford field in 2002. the silver dome was built in 1975 for $56 million. it was sold at auction for $583,000. >>> the most frenzied shopping day of the year may be the best day to bargain with your car dealer. researchers at truecar.com say black friday is the best kday t buy a new vehicle. the average discount 7.5%. analysts looked at incenti
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